Paramount seeks $1.88 billion bond as California challenges Warner merger

  • Paramount Skydance seeks a $1.88 billion bond in litigation over its Warner Bros. Discovery merger.
  • Paramount says regulatory approvals in 69 jurisdictions and all other closing conditions are complete.
  • Paramount Skydance shares fell 0.56% to $10.74 in pre-market trading Wednesday.

Paramount Skydance is seeking a $1.88 billion bond in litigation over its proposed merger with Warner Bros. Discovery, arguing that continued court-ordered delay is generating ticking fees and higher financing costs. The company says it has satisfied all other closing conditions and secured regulatory approvals in 69 jurisdictions, leaving lawsuits by state attorneys general and the Writers Guild of America as the remaining barriers. Paramount Skydance shares fell 0.56% to $10.74 in pre-market trading Wednesday after closing 0.55% lower at $10.80 on Tuesday. The company has agreed not to close while the cases proceed but says that agreement preserved its right to financial protection under the Clayton Act and Rule 65 if the challenges fail.

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